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War bears and bulls

The indicator calculates currency pairs' extensions and provides signals in the form of BUY and SELL arrows. The indicator is added to any timeframe from М5 to D1. When the first new arrow appears, that serves as a warning of a possible price reversal. Therefore, the deal can be opened when the second or the third arrow appears.

A stop loss should be set close to 10-20 points (in case of four decimal places). When after opening a trade an opposite signal appears, a stop loss can be placed at an open price level, i.e., at the breakeven point. When the second arrow appears, a trade is closed and a new one is opened in the direction of a new signal.